Thomas Hagigh is a certified financial planner based in Crownsville, Maryland. Hagigh is currently working at LPL Financial LLC. LPL Financial is an organization of independent financial advisors.
The company offers unique technology, brokerage, and investment advising services to over 20,000 financial advisors and 700 financial institutions, who in turn serve investors across the country.
Who is Thomas Hagigh?
Thomas Hagigh works as a certified financial planner in Crownsville, Maryland. Hagigh is currently working at LPL Financial LLC. He has worked at Wells Fargo Advisors LLC, Wells Fargo Clearing Services, LLC, Janney Montgomery Scott LLC, Lpl Financial, and Janney Montgomery Scott, LLC.
Hagigh holds Series 63 and Series 65 licences, allowing him to work in Maryland and Texas as both a securities agent and an investment advisor representative.
What is LPL Financial LLC?
LPL Financial LLC is an advisory company operating out of Fort Mill, SC. It has offices in 9,898 locations and a total of 31,366 advisors. It has $368 billion in assets across its 1,688,501 client accounts, making it one of the largest financial advisory firms in the country by assets under management.
The firm advises 3,425 charities and foundations. Of its 1,688,501 customer accounts, 31% are held by high-net-worth clients who have greater than $1 million in investable assets. LPL Financial LLC performs a number of services, such as financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers, educational seminars and other services.
LPL Financial was founded in 1989 by the merger of two small brokerage firms, Linsco and Private Ledger. These firms, which inspired the name LPL, existed prior to LPL. Linsco was established in 1968, while Private Ledger was founded in 1973.
When LPL sold a 60% stake to two private equity partners, Hellman & Friedman, LLC and Texas Pacific Group, the firm gained national attention. LPL’s parent company, LPL Financial Holdings, Inc., became a publicly traded firm on NASDAQ five years later, in 2010.
Investment Adviser Public Disclosure (IAPD) report of Thomas Hagig disclosed information about his employment history, professional qualifications, disciplinary actions, criminal convictions, civil judgements and arbitration awards.
According to the report, 2 customer dispute disclosure have been reported against Thomas Hagig.
Claimants alleged that Thomas failed to disclose that a transfer on death form for Smith Barney accounts did not affect the beneficiary designation in a variable annuity. The claimants alleged damages of $374,000.
Customers bought three different 20-year CDS on various dates in 1998 and 1999. Alleged that all pertinent information was not disclosed. The customer alleged damages of $29,157.25.
You can visit the SEC profile of Thomas Hagigh to learn more about his background.
What Services does Thomas Hagigh offer?
As a finance professional, Thomas says that supporting individuals, families, company owners, and institutions with their financial goals at whatever point of their lives or careers is what drives him.
He assists you in developing a strategy to grow your wealth, minimise your risk exposure, and plan for the transfer of your estate to loved ones.
He takes pride in providing his clients with the best service possible. He attempts to deliver consistent, honest advice that matches his client’s goals by listening to their needs and carving out the necessary time for each client.
His areas of focus include the following:
Retirement Plan Consulting
Personal Retirement Planning
Business Owner Exit Planning
Cash Balance Plans
Life and Long Term Care Insurance
Investment Planning and Management
Wealth Preservation Planning
When planning for retirement, it’s important to consider various investment options that can provide long-term security. One such option is investing in gold, which can act as a hedge against inflation and market volatility. Gold can also provide diversification in a retirement portfolio, ultimately leading to a more stable and secure retirement.
Major banks including Signature Bank and Silicon Valley Bank collapsed this year. Retirees like you and me lost millions of dollars while the White House bailed them out. I have personally invested in precious metals and made serious returns. You can request a free guide on gold investing using the button below:
If you’re thinking about investing in gold for your retirement, here are several advantages to consider.
Gold is considered a hedge against inflation
Gold and other precious metals have long been regarded as an intelligent choice against inflation. This is because, despite currency swings, it tends to keep its value and preserve your spending power over time.
“As inflation remains high, this could be an excellent time to increase allocations to gold,” says Frank Trotter, president of Battle Bank. “Over time, analysts have shown that gold is a good inflation hedge.”
The Personal Consumer Expenditures (PCE) index measures the prices that Americans spend on products and services. In 2022, the index ranged from 6% to 7%, which was substantially above the country’s historical standards. It was also substantially greater than the Federal Reserve’s goal rate of 2%.
According to economists, the economy may not reach that level until 2025, if at all, making gold an even more appealing investment to consider today.
“Based on recent economic data and the Fed’s position, it appears unlikely that the economic pain will be alleviated anytime soon.” In fact, it’s likely to become worse, says Richard Gardner, CEO of financial technology business Modulus Global.
You can diversify your portfolio with gold
When an economy enters a recession, so does the stock market. During a recession, real estate assets may also lose value. During an economic slump, however, gold can be an excellent strategy to assure a diverse portfolio. Diversification reduces your exposure to risky investments and mitigates the impact of any losses.
“If investors are anticipating a possible recession and possibly stagflation, reallocating into gold can be an appropriate choice as they reduce exposure to stocks and bonds,” Trotter adds.
Experts agree that the financial market is now even more fragile than pre-2008. Will your retirement portfolio weather the imminent financial crisis? Threats are many. Pick your poison..
The financial system would be in great peril if one or more big banks fail.
“When we get to a downturn, banks won’t have the cushion to absorb the losses. Without a cushion, we will have 2008 and 2009 again.”
Student debt, which has been on a steep rise for years, could figure greatly in the next credit downturn.
“There are parallels to 2008: There are massive amounts of unaffordable loans being made to people who can’t pay them”
The US national debt has spiked $1 trillion in less than 6 months!
“If we keep throwing gas on flames with deficit spending, I worry about how severe the next [economic] downturn is going to be–and whether we have enough bullets left [to fight it],”
Total household debt rose to an all-time high of $13.67 trillion at year-end 2019.
“Any type of secured lending backed by an asset that is overvalued should be a concern… that is what happened with housing.”
Get in touch with an expert using the button down below:
In a recession, liquidity — or the ability to swiftly sell assets for cash — is critical. If you run into financial difficulties, you can sell your assets and still pay your payments and other obligations.
Stocks, bonds, real estate, collectibles, and other tangible assets are often regarded as illiquid investments. They’re difficult to convert into useable dollars, especially when demand for those things is low. Who wants to buy rare artwork when they can’t pay their bills?
Gold, on the other hand, is extremely liquid and can be readily swapped for cash, making it an excellent investment during downturns. Gold is a useful addition to diversify a portfolio due to its price stability as well as its high value.
I’m safe from the recession, are you?
All gold IRA companies are NOT the same. We’ve done the hardwork for you and found the most transparent gold IRA company with the highest rating by customers.
Overall, it seems that Thomas Hagigh is a capable and knowledgeable financial planner who is assisting numerous individuals with their financial planning needs. You can conduct additional research to fully evaluate his abilities and expertise.
However, LPL Financial LLC is not a good option for investors looking to secure their investment with a physical Gold IRA, while Augusta Precious Metals is a considerably superior option.
Each state has its own regulations and rules, so we’ve sorted and found the best Gold IRA company for each state.